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The Laws of New York
Consolidated Laws of New York
CHAPTER 51-A
Retirement & Social Security
ARTICLE 4-A
Investments of Public Pension Funds
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SECTION 177
Eligible investments
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ARTICLE 4-A
Investments of Public Pension Funds
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SECTION 177-C
Investment in mortgage pass-through certificates
This entry was published on 2014-09-22
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SECTION 177-A
Investment in certain conventional mortgages
Retirement & Social Security (RSS) CHAPTER 51-A, ARTICLE 4-A
§ 177-a. Investment in certain conventional mortgages.
Notwithstanding any provision contained in this chapter or any other
general, special or local law or code to the contrary, within the
limitations authorized for investment in conventional mortgages, the
trustees of the fund may invest a part of its assets in first mortgages
on real property located anywhere within the boundaries of the United
States.